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Illinois Tool Works (ITW) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ITW Stock Forecast

Illinois Tool Works stock forecast is as follows: an average price target of $255.67 (represents a -1.22% downside from ITW’s last price of $258.82) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

ITW Price Target

The average price target for Illinois Tool Works (ITW) is $255.67 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $281.00 to $236.00. This represents a potential -1.22% downside from ITW's last price of $258.82.

ITW Analyst Ratings

Hold

According to 9 Wall Street analysts, Illinois Tool Works's rating consensus is 'Hold'. The analyst rating breakdown for ITW stock is 0 'Strong Buy' (0.00%), 1 'Buy' (11.11%), 4 'Hold' (44.44%), 4 'Sell' (44.44%), and 0 'Strong Sell' (0.00%).

Illinois Tool Works Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 10, 2024Jonathan SakraidaCFRA$250.00$247.570.98%-3.41%
Jul 31, 2024Joseph O'DeaWells Fargo$236.00$249.34-5.35%-8.82%
Jul 31, 2024Jamie CookTruist Financial$281.00$249.3412.70%8.57%
May 01, 2024Joseph O'DeaWells Fargo$244.00$244.11-0.05%-5.73%
Apr 08, 2024Nigel CoeWolfe Research$250.00$262.94-4.92%-3.41%
Mar 13, 2024Jamie CookTruist Financial$303.00$262.6715.35%17.07%
Oct 03, 2022Barclays$172.00$183.33-6.18%-33.54%
Aug 03, 2022Morgan Stanley$191.00$206.61-7.56%-26.20%
Aug 03, 2022Wells Fargo$187.00$204.90-8.74%-27.75%
Jul 26, 2022Stephen VolkmannJefferies$195.00$193.400.83%-24.66%
Jul 08, 2022Barclays$167.00$185.64-10.04%-35.48%
Jun 29, 2022Wells Fargo$185.00$182.991.10%-28.52%
May 31, 2022Morgan Stanley$182.00$204.12-10.83%-29.68%
May 24, 2022Barclays$180.00$199.78-9.90%-30.45%
May 21, 2022Steven FullerUBS$243.00$201.7720.43%-6.11%
May 04, 2022Morgan Stanley$187.00$209.05-10.55%-27.75%
May 04, 2022Credit Suisse$261.00$208.8524.97%0.84%
May 04, 2022Barclays$192.00$204.20-5.97%-25.82%
May 02, 2022Nicole DeBlaseDeutsche Bank$226.00$199.6913.17%-12.68%
Apr 23, 2022Nathan JonesStifel Nicolaus$202.00$203.35-0.66%-21.95%
Apr 05, 2022Julian MitchellBarclays$200.00$206.43-3.11%-22.73%
Jan 13, 2022Jamie CookCredit Suisse$284.00$245.6315.62%9.73%
Dec 02, 2021Joel TissBMO Capital$235.00$232.651.01%-9.20%
Oct 28, 2021Stephen VolkmannJefferies$260.00$224.1615.99%0.46%
Aug 05, 2021Steven FisherUBS$253.00$223.3213.29%-2.25%
Jul 12, 2021Nigel CoeWolfe Research$243.00$223.808.58%-6.11%
May 05, 2021John EadeArgus Research$260.00$230.6812.71%0.46%

The latest Illinois Tool Works stock forecast, released on Sep 10, 2024 by Jonathan Sakraida from CFRA, set a price target of $250.00, which represents a 0.98% increase from the stock price at the time of the forecast ($247.57), and a -3.41% decrease from ITW last price ($258.82).

Illinois Tool Works Price Target by Period

1M3M12M
# Anlaysts--6
Avg Price Target--$260.67
Last Closing Price$258.82$258.82$258.82
Upside/Downside-100.00%-100.00%0.71%

In the current month, the average price target of Illinois Tool Works stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Illinois Tool Works's last price of $258.82. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 10, 2024CFRAHoldUpgrade
Jul 31, 2024Wells FargoUnderweightUnderweightHold
May 01, 2024Wells FargoUnderweightUnderweightHold
Apr 08, 2024CitigroupNeutralNeutralHold
Apr 02, 2024BarclaysUnderweightUnderweightHold
Feb 09, 2023UBSNeutralNeutralHold
Dec 15, 2022Goldman SachsNeutralNeutralHold
Oct 03, 2022BarclaysUnderweightUnderweightHold
Aug 15, 2022Deutsche BankHoldSellDowngrade
Aug 03, 2022Morgan StanleyUnderweightUnderweightHold
Aug 03, 2022Wells FargoEqual-WeightEqual-WeightHold
Aug 03, 2022CitigroupNeutralNeutralHold
Jul 26, 2022JefferiesBuyBuyHold
Jul 08, 2022BarclaysUnderweightUnderweightHold
Jun 29, 2022Wells FargoEqual-WeightEqual-WeightHold
May 31, 2022Morgan StanleyUnderweightUnderweightHold
May 24, 2022BarclaysUnderweightUnderweightHold
May 21, 2022UBSBuyBuyHold
May 02, 2022Deutsche BankHoldHoldHold
Apr 05, 2022BarclaysUnderweightUnderweightHold

Illinois Tool Works's last stock rating was published by CFRA on Sep 10, 2024. The company Upgrade its ITW rating from "null" to "Hold".

Illinois Tool Works Financial Forecast

Illinois Tool Works Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$4.03B$4.07B$4.02B$3.97B$4.01B$4.01B$3.94B$3.68B$3.56B$3.68B$3.54B$3.48B$3.31B$2.56B$3.23B$3.47B$3.48B
Avg Forecast$4.24B$4.22B$4.25B$4.14B$4.13B$4.09B$4.13B$4.04B$3.99B$4.02B$4.08B$4.03B$4.01B$4.09B$4.14B$3.98B$3.89B$3.89B$3.97B$3.75B$3.53B$3.55B$3.56B$3.43B$3.32B$2.98B$2.33B$3.30B$3.46B$3.53B
High Forecast$4.31B$4.30B$4.33B$4.21B$4.20B$4.17B$4.21B$4.09B$4.11B$4.03B$4.08B$4.03B$4.04B$4.16B$4.21B$4.05B$3.96B$3.89B$3.97B$3.75B$3.53B$3.55B$3.56B$3.43B$3.32B$2.98B$2.33B$3.30B$3.46B$3.53B
Low Forecast$4.14B$4.13B$4.16B$4.05B$4.04B$4.01B$4.04B$3.96B$3.89B$4.01B$4.08B$4.03B$3.95B$4.01B$4.05B$3.90B$3.81B$3.89B$3.97B$3.75B$3.53B$3.55B$3.56B$3.43B$3.32B$2.98B$2.33B$3.30B$3.46B$3.53B
# Analysts334545271153361413766867117131359644
Surprise %-------------0.99%0.98%1.01%1.02%1.03%1.01%1.05%1.04%1.00%1.03%1.03%1.05%1.11%1.10%0.98%1.00%0.98%

Illinois Tool Works's average Quarter revenue forecast for Dec 23 based on 6 analysts is $4.01B, with a low forecast of $3.95B, and a high forecast of $4.04B. ITW's average Quarter revenue forecast represents a -0.45% decrease compared to the company's last Quarter revenue of $4.03B (Sep 23).

Illinois Tool Works EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545271153361413766867117131359644
EBITDA-------------$1.11B$1.06B$1.01B$1.21B$1.04B$984.00M$944.00M$945.00M$959.00M$1.02B$1.02B$981.00M$909.00M$557.00M$890.00M$987.00M$998.00M
Avg Forecast$1.15B$1.14B$1.15B$1.12B$1.12B$1.11B$1.12B$1.09B$1.08B$1.09B$1.10B$1.20B$1.09B$1.11B$1.12B$1.09B$1.01B$1.01B$1.03B$995.39M$918.24M$922.24M$924.94M$904.59M$863.49M$774.08M$606.57M$858.77M$900.00M$918.98M
High Forecast$1.17B$1.16B$1.17B$1.14B$1.14B$1.13B$1.14B$1.11B$1.11B$1.09B$1.10B$1.45B$1.09B$1.12B$1.14B$1.31B$1.21B$1.01B$1.03B$1.19B$918.24M$922.24M$924.94M$1.09B$863.49M$774.08M$606.57M$1.03B$900.00M$918.98M
Low Forecast$1.12B$1.12B$1.13B$1.09B$1.09B$1.08B$1.09B$1.07B$1.05B$1.08B$1.10B$963.53M$1.07B$1.08B$1.09B$875.94M$809.72M$1.01B$1.03B$796.31M$918.24M$922.24M$924.94M$723.68M$863.49M$774.08M$606.57M$687.02M$900.00M$918.98M
Surprise %-------------1.00%0.95%0.93%1.19%1.03%0.95%0.95%1.03%1.04%1.10%1.12%1.14%1.17%0.92%1.04%1.10%1.09%

6 analysts predict ITW's average Quarter EBITDA for Dec 23 to be $1.09B, with a high of $1.09B and a low of $1.07B. This is -1.95% lower than Illinois Tool Works's previous annual EBITDA (Sep 23) of $1.11B.

Illinois Tool Works Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545271153361413766867117131359644
Net Income-------------$772.00M$754.00M$714.00M$907.00M$727.00M$738.00M$662.00M$609.00M$639.00M$775.00M$671.00M$642.00M$582.00M$319.00M$566.00M$641.00M$660.00M
Avg Forecast$843.98M$872.07M$850.02M$803.91M$800.90M$809.55M$797.70M$754.50M$743.49M$747.07M$734.46M$785.54M$715.82M$733.60M$711.08M$714.13M$652.27M$672.05M$658.92M$649.21M$563.51M$597.37M$623.29M$596.84M$535.59M$438.63M$208.76M$546.14M$553.32M$579.13M
High Forecast$863.60M$892.34M$869.79M$822.60M$819.52M$828.37M$816.25M$787.44M$752.42M$748.94M$734.47M$942.65M$733.72M$748.51M$727.61M$856.95M$782.73M$672.05M$658.92M$779.05M$564.07M$597.37M$623.29M$716.20M$535.59M$438.63M$208.76M$655.37M$553.32M$579.13M
Low Forecast$820.09M$847.39M$825.97M$781.16M$778.23M$786.64M$775.13M$736.54M$719.70M$745.19M$734.45M$628.43M$697.93M$700.80M$690.96M$571.30M$521.82M$672.05M$658.92M$519.37M$562.96M$597.37M$623.29M$477.47M$535.59M$438.63M$208.76M$436.91M$553.32M$579.13M
Surprise %-------------1.05%1.06%1.00%1.39%1.08%1.12%1.02%1.08%1.07%1.24%1.12%1.20%1.33%1.53%1.04%1.16%1.14%

Illinois Tool Works's average Quarter net income forecast for Dec 23 is $715.82M, with a range of $697.93M to $733.72M. ITW's average Quarter net income forecast represents a -7.28% decrease compared to the company's last Quarter net income of $772.00M (Sep 23).

Illinois Tool Works SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545271153361413766867117131359644
SG&A-------------$615.00M$690.00M$675.00M$644.00M$624.00M$659.00M$652.00M$621.00M$581.00M$588.00M$566.00M$557.00M$560.00M$486.00M$560.00M$586.00M$566.00M
Avg Forecast$686.71M$684.64M$689.61M$670.74M$669.00M$663.66M$669.65M$655.32M$647.11M$651.25M$661.16M$773.68M$650.42M$662.26M$670.44M$703.34M$665.12M$644.29M$657.22M$639.40M$584.92M$587.47M$589.19M$503.44M$550.05M$493.09M$386.39M$540.35M$573.30M$585.39M
High Forecast$698.99M$696.88M$701.94M$682.73M$680.97M$675.53M$681.63M$663.45M$666.52M$652.54M$661.16M$928.41M$655.28M$673.58M$682.43M$844.01M$798.15M$644.29M$657.22M$767.28M$584.92M$587.47M$589.19M$604.13M$550.05M$493.09M$386.39M$648.42M$573.30M$585.39M
Low Forecast$671.76M$669.73M$674.59M$656.13M$654.44M$649.21M$655.07M$642.31M$630.93M$649.96M$661.16M$618.94M$640.68M$649.80M$655.85M$562.67M$532.10M$644.29M$657.22M$511.52M$584.92M$587.47M$589.19M$402.75M$550.05M$493.09M$386.39M$432.28M$573.30M$585.39M
Surprise %-------------0.93%1.03%0.96%0.97%0.97%1.00%1.02%1.06%0.99%1.00%1.12%1.01%1.14%1.26%1.04%1.02%0.97%

Illinois Tool Works's average Quarter SG&A projection for Dec 23 is $650.42M, based on 6 Wall Street analysts, with a range of $640.68M to $655.28M. The forecast indicates a 5.76% rise compared to ITW last annual SG&A of $615.00M (Sep 23).

Illinois Tool Works EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545271153361413766867117131359644
EPS-------------$2.55$2.49$2.34$2.96$2.36$2.37$2.12$1.94$2.03$2.46$2.12$2.03$1.84$1.01$1.78$2.00$2.05
Avg Forecast$2.84$2.94$2.86$2.71$2.70$2.73$2.69$2.54$2.50$2.52$2.47$2.36$2.41$2.47$2.39$2.23$2.52$2.25$2.21$2.06$1.89$2.00$2.09$1.90$1.79$1.47$0.70$1.71$1.85$1.94
High Forecast$2.91$3.00$2.93$2.77$2.76$2.79$2.75$2.65$2.53$2.52$2.47$2.36$2.47$2.52$2.45$2.28$2.58$2.25$2.21$2.06$1.89$2.00$2.09$1.90$1.79$1.47$0.70$1.71$1.85$1.94
Low Forecast$2.76$2.85$2.78$2.63$2.62$2.65$2.61$2.48$2.42$2.51$2.47$2.36$2.35$2.36$2.33$2.16$2.45$2.25$2.21$2.06$1.89$2.00$2.09$1.90$1.79$1.47$0.70$1.71$1.85$1.94
Surprise %-------------1.03%1.04%1.05%1.17%1.05%1.07%1.03%1.03%1.01%1.18%1.12%1.13%1.25%1.44%1.04%1.08%1.06%

According to 6 Wall Street analysts, Illinois Tool Works's projected average Quarter EPS for Dec 23 is $2.41, with a low estimate of $2.35 and a high estimate of $2.47. This represents a -5.48% decrease compared to ITW previous annual EPS of $2.55 (Sep 23).

Illinois Tool Works Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
XYLXylem$120.77$167.5038.69%Buy
AOSA. O. Smith$70.81$85.8021.17%Buy
FELEFranklin Electric$103.99$120.0015.40%Buy
DOVDover$196.54$212.638.19%Buy
EMREmerson Electric$128.08$136.756.77%Buy
ETNEaton$347.08$370.006.60%Buy
PHParker-Hannifin$665.99$690.333.65%Buy
IRIngersoll Rand$97.55$101.003.54%Buy
PNRPentair$105.49$107.802.19%Buy
CMICummins$361.23$363.330.58%Buy
ROKRockwell Automation$293.49$284.33-3.12%Buy
ITWIllinois Tool Works$267.88$255.67-4.56%Hold

ITW Forecast FAQ

Is Illinois Tool Works a good buy?

No, according to 9 Wall Street analysts, Illinois Tool Works (ITW) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 11.11% of ITW's total ratings.

What is ITW's price target?

Illinois Tool Works (ITW) average price target is $255.67 with a range of $236 to $281, implying a -1.22% from its last price of $258.82. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Illinois Tool Works stock go up soon?

According to Wall Street analysts' prediction for ITW stock, the company can go down by -1.22% (from the last price of $258.82 to the average price target of $255.67), up by 8.57% based on the highest stock price target, and down by -8.82% based on the lowest stock price target.

Can Illinois Tool Works stock reach $400?

ITW's average twelve months analyst stock price target of $255.67 does not support the claim that Illinois Tool Works can reach $400 in the near future.

What are Illinois Tool Works's analysts' financial forecasts?

Illinois Tool Works's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $16.4B (high $16.67B, low $16.05B), average EBITDA is $4.43B (high $4.51B, low $4.34B), average net income is $3.16B (high $3.25B, low $3.08B), average SG&A $2.66B (high $2.7B, low $2.6B), and average EPS is $10.65 (high $10.95, low $10.36). ITW's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $16.85B (high $17.16B, low $16.49B), average EBITDA is $4.56B (high $4.64B, low $4.46B), average net income is $3.37B (high $3.45B, low $3.27B), average SG&A $2.73B (high $2.78B, low $2.67B), and average EPS is $11.35 (high $11.61, low $11.03).

Did the ITW's actual financial results beat the analysts' financial forecasts?

Based on Illinois Tool Works's last annual report (Dec 2023), the company's revenue was $16.11B, which missed the average analysts forecast of $16.22B by -0.69%. Apple's EBITDA was $4.04B, missing the average prediction of $4.4B by -8.27%. The company's net income was $2.96B, beating the average estimation of $2.87B by 2.87%. Apple's SG&A was $0, missing the average forecast of $2.69B by -100.00%. Lastly, the company's EPS was $9.77, beating the average prediction of $9.5 by 2.82%. In terms of the last quarterly report (Sep 2023), Illinois Tool Works's revenue was $4.03B, missing the average analysts' forecast of $4.09B by -1.35%. The company's EBITDA was $1.11B, beating the average prediction of $1.11B by 0.17%. Illinois Tool Works's net income was $772M, beating the average estimation of $733.6M by 5.23%. The company's SG&A was $615M, missing the average forecast of $662.26M by -7.14%. Lastly, the company's EPS was $2.55, beating the average prediction of $2.47 by 3.24%